Cyprus Business News

The Cyprus government’s surplus surged to €424.5 million in the January-June period, representing 1.3 per cent of GDP, compared to €62 million and 0.2 per cent of GDP during the same period in 2023, ...

Inflation in Cyprus dropped to 2.6 per cent in July, reflecting a slowdown from the 3 per cent rate observed in both June and May, according to preliminary estimates released by Eurostat ...

Cyprus’ Industrial Producer Prices Index (PPI) decreased by 2.4 per cent year-on-year in June 2024, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat). The index, which stood ...

Households in Cyprus hold more than €56 billion in financial assets, with a significant portion held in cash, deposits, and loans, while also reducing their debt burden, according to a report ...

Cyprus is set to host a new event aimed at bridging the gap between the real estate and proptech sectors, according to an announcement by the Doers Company. The Doers ...

Nexters, an international game development company headquartered in Cyprus, has seen its flagship mobile game, Hero Wars: Alliance, generate $1.5 billion in revenue and surpass 150 million installations, according to an official ...

The Cyprus Chamber of Commerce and Industry (Keve) this week announced the signing of a cooperation protocol with the Hellenic-German Chamber of Commerce and Industry. “This partnership aims to foster ...

The University of Cyprus’ Economics Research Centre (CypERC) this week released a report predicting improved economic growth for Cyprus during the 2024-2025 period. According to the centre’s July 2024 issue, ...

Tourist arrivals to Cyprus amounted to 421,400 visitors in May 2024, marking an increase of 0.3 per cent from the 420,076 recorded in the same month of the previous year, according to a report ...

Nicosia-based tech startup and iOS app BRAYN, originally launched in Cyprus and the United Kingdom, is set to expand globally by 2025, according to an official announcement. The announcement said that ...

Industrial production in Cyprus recorded a 2.7 per cent increase year-on-year during May 2024, according to a report released this week by the Cyprus Statistical Service (Cystat). This rise brought the Industrial ...

The Cypriot real estate market has demonstrated signs of stability and resilience during the first half of 2024, with the average transaction value gradually approaching pre-pandemic levels, according to a report ...

Tourist arrivals to Cyprus amounted to 421,400 visitors in May 2024, marking an increase of 0.3 per cent from the 420,076 recorded in the same month of the previous year, according to a report ...

The Agriculture Department this week said that it will introduce tools similar to e-Kofini, which aims to help consumers compare fruit and vegetable prices, to help farmers better leverage their ...

Cypriot real estate data analytics firm, Ask Wire on Monday published a report detailing the ten most expensive real estate sales transactions in Cyprus for the first half of 2024 across ...

Cypriot real estate data analytics firm, Ask Wire on Monday published a report detailing the ten most expensive real estate sales transactions in Cyprus for the first half of 2024 across ...

Deputy Tourism Tourism Kostas Koumis has completed a tour of Limassol’s wine-producing regions, with a focus on villages making Commandaria, saying that it is important to promote the Cypriot ...

The Centre for Entrepreneurship at the University of Cyprus on Monday announced the launch of the 2024 Cypriot Entrepreneurship Competition (CyEC). According to the announcement, the competition, which is organised annually ...

Here are the top business stories in Cyprus from the week starting July 22: The European Central Bank (ECB) recently decided to maintain interest rates at their current levels but indicated ...

Despite a challenging year, Cyprus managed to see an increase in both tourist arrivals and revenues in the first half of the year, Deputy Tourism Minister Kostas Koumis said, while ...

By Charles Ellinas Earlier in July, the EU published its ‘European Innovation Performance Scoreboard 2024’ and in June the IMF published its new ‘AI Preparedness Index Dashboard’. Both put Cyprus in ...

Nicosia and London-based Journey Mentor, a travel-tech SaaS company, has announced that it has been awarded a five-year IT contract by Total Air Services Ltd (TAS), a prominent provider of ...

Cyprus experienced an overall decline in the sales of petroleum products during June, which amounted to 127,395 tonnes, marking a 4.1 per cent decrease compared to June 2023, according to the latest figures ...

The Central Bank of Cyprus (CBC) on Friday announced that it has set the reference interest rate at 11.76 per cent. In a statement, the Central Bank of Cyprus said that, ...